Navios Maritime CEO reports new unit purchases

Navios Maritime Partners L.P. reporting person Angeliki Frangou, Chief Executive Officer and Chairwoman, reported indirect open-market purchases of 3,348 common units on July 15–17, 2026 at weighted average prices of $74.3615, $75.1300 and $72.6181 per unit.

Rhea-AI Filing Summary

Navios Maritime Partners L.P. reporting person Angeliki Frangou, Chief Executive Officer and Chairwoman, reported indirect open-market purchases of 3,348 common units on July 15–17, 2026 at weighted average prices of $74.3615, $75.1300 and $72.6181 per unit. The transactions were executed by affiliated entity Raymar Investments S.A. under a Rule 10b5-1 trading plan with UBS Financial Services Inc. Following these trades, she beneficially owns 4,772,131 common units indirectly and 366,776 common units directly, plus 622,296 general partnership units held by Olympos Maritime Ltd., representing approximately 2.1% ownership interest in Navios Maritime Partners L.P.

Insider Trade Summary 10b5-1

Net Buyer: 3,348 shares

Net Buy 5 txns

Insider Frangou Angeliki

Role See Remarks

Bought 3,348 shs ($248K)

Type	Security	Shares	Price	Value
Purchase	Common Unit F1, F2, F5	1,119	$72.6181	$81K
Purchase	Common Unit F1, F2, F4	1,111	$75.13	$83K
Purchase	Common Unit F1, F2, F3	1,118	$74.3615	$83K
holding	Common Unit	--	--	--
holding	General Partnership Unit F6	--	--	--

Holdings After Transaction: Common Unit — 4,772,131 shares (Indirect, See footnote); Common Unit — 366,776 shares (Direct); General Partnership Unit — 622,296 shares (Indirect, See footnote)

Footnotes (6)

1. F1. The transactions reported herein were made pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with Ms. Frangou, and UBS Financial Services Inc. adopted on December 9, 2025.
2. F2. The transactions reported herein were effected in multiple transactions each day at prices ranging from (1) $73.47 to $75.85 on July 15, 2026; (2) $74.75 to $75.54 on July 16, 2026; and (3) $71.82 to $73.47 on July 17, 2026. The prices reported above reflect the weighted average purchase prices on each such day for the transactions reported herein. The Reporting Person hereby undertakes to provide upon request to the Staff of the Securities and Exchange Commission, the issuer, or any security holder of the issuer full information regarding the number of shares and the prices at which these reported transactions were effected each day.
3. F3. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 97,587 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of July 15, 2026.
4. F4. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 98,698 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of July 16, 2026.
5. F5. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 99,817 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of July 17, 2026.
6. F6. Olympos Maritime Ltd., an entity affiliated with Ms. Frangou, is the general partner (the "General Partner") of Navios Maritime Partners L.P. ("NMM"). As of July 17, 2026, the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM based on all outstanding common units and general partnership units.

Key Figures

Total common units purchased: 3,348 common units Purchase price July 15, 2026: $74.3615 per unit Purchase price July 16, 2026: $75.1300 per unit +5 more

8 metrics

Total common units purchased 3,348 common units Aggregate units purchased on July 15–17, 2026 under Rule 10b5-1 plan

Purchase price July 15, 2026 $74.3615 per unit Weighted average purchase price for 1,118 common units on July 15, 2026

Purchase price July 16, 2026 $75.1300 per unit Weighted average purchase price for 1,111 common units on July 16, 2026

Purchase price July 17, 2026 $72.6181 per unit Weighted average purchase price for 1,119 common units on July 17, 2026

Indirect common units held 4,772,131 common units Indirect common units beneficially owned after July 17, 2026 purchases

Direct common units held 366,776 common units Directly owned common units as of July 15, 2026

General partnership units held 622,296 units General partnership units owned by Olympos Maritime Ltd. as of July 17, 2026

Ownership interest via GP units 2.1% Approximate ownership interest in Navios Maritime Partners L.P. represented by GP units

Key Terms

Rule 10b5-1 trading plan, weighted average purchase prices, beneficially owned, general partnership units

4 terms

Rule 10b5-1 trading plan regulatory

"The transactions reported herein were made pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average purchase prices financial

"The prices reported above reflect the weighted average purchase prices on each such day"

beneficially owned financial

"The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

general partnership units financial

"the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider purchases did Angeliki Frangou report for Navios Maritime Partners (NMM)?

Angeliki Frangou reported indirect open-market purchases of 3,348 common units of Navios Maritime Partners on July 15–17, 2026. These were executed at weighted average prices of $74.3615, $75.1300 and $72.6181 per unit through an affiliated entity.

Were the recent NMM insider trades by Angeliki Frangou under a Rule 10b5-1 plan?

Yes. The filing states the transactions were made under a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with Ms. Frangou, and UBS Financial Services Inc., adopted on December 9, 2025.

What are Angeliki Frangou’s NMM common unit holdings after these transactions?

After the reported purchases, Ms. Frangou beneficially owns 4,772,131 common units indirectly and 366,776 common units directly. Indirect holdings are through several affiliated entities, including N Shipmanagement Acquisition Corp. and other affiliated entities described in the footnotes.

At what price range were the NMM insider purchases executed?

The trades occurred in multiple transactions each day within ranges of $73.47–$75.85 on July 15, $74.75–$75.54 on July 16, and $71.82–$73.47 on July 17, 2026. The Form 4 reports weighted average purchase prices for each day.

How many general partnership units linked to NMM does Angeliki Frangou control?

An affiliated entity, Olympos Maritime Ltd., as General Partner of Navios Maritime Partners L.P., owns 622,296 general partnership units. As of July 17, 2026, this represents an approximately 2.1% ownership interest in Navios Maritime Partners L.P.

Which affiliated entities hold NMM units for Angeliki Frangou?

Footnotes state Ms. Frangou’s beneficial ownership includes units held through N Shipmanagement Acquisition Corp., three other affiliated entities, and Raymar Investments S.A.. Raymar executed the reported purchases under a Rule 10b5-1 trading plan with UBS Financial Services Inc.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/17/2026 - 09:15 PM Accepted by SEC EDGAR 07/17/2026 - 09:15 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Frangou Angeliki

(Last) (First) (Middle)

C/O NAVIOS SHIPMANAGEMENT INC.

85 AKTI MIAOULI

(Street)

PIRAEUS GREECE 18538

(City) (State) (Zip)

GREECE

(Country)

2. Issuer Name and Ticker or Trading Symbol
Navios Maritime Partners L.P. [ NMM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Unit	07/15/2026		P(1)		1,118	A	$74.3615(2)	4,769,901	I	See footnote(3)
Common Unit	07/16/2026		P(1)		1,111	A	$75.13(2)	4,771,012	I	See footnote(4)
Common Unit	07/17/2026		P(1)		1,119	A	$72.6181(2)	4,772,131	I	See footnote(5)
Common Unit								366,776	D
General Partnership Unit								622,296	I	See footnote(6)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transactions reported herein were made pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with Ms. Frangou, and UBS Financial Services Inc. adopted on December 9, 2025.

2. The transactions reported herein were effected in multiple transactions each day at prices ranging from (1) $73.47 to $75.85 on July 15, 2026; (2) $74.75 to $75.54 on July 16, 2026; and (3) $71.82 to $73.47 on July 17, 2026. The prices reported above reflect the weighted average purchase prices on each such day for the transactions reported herein. The Reporting Person hereby undertakes to provide upon request to the Staff of the Securities and Exchange Commission, the issuer, or any security holder of the issuer full information regarding the number of shares and the prices at which these reported transactions were effected each day.

3. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 97,587 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of July 15, 2026.

4. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 98,698 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of July 16, 2026.

5. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 99,817 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of July 17, 2026.

6. Olympos Maritime Ltd., an entity affiliated with Ms. Frangou, is the general partner (the "General Partner") of Navios Maritime Partners L.P. ("NMM"). As of July 17, 2026, the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM based on all outstanding common units and general partnership units.

Remarks:

Chief Executive Officer & Chairwoman of the Board

	/s/ Todd Mason, by POA from Angeliki Frangou, Chairwoman of the Board, Chief Executive Officer and Director	07/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)